Sequel - The next film that is in chronological order.
Mega franchise - A franchise is a collection of related media in which several derivative works have been produced from an original creative work
Blockbuster - a thing of great power or size, in particular a film, book, or other product that is a great commercial success
Synergy - is the term used to describe a situation where different businesses cooperate
advantageously for a final outcome such as a film
Cross Media Ownership is
the ownership of multiple media businesses by a person or
corporation. These businesses can include broadcast and cable television, film,
radio, newspaper, magazine, book publishing, music, video games, and various
online entities.
A conglomerate
is a large company composed of a number of smaller companies (subsidiaries)
engaged in seemingly unrelated businesses.
A media conglomerate
is a
company that owns large numbers of companies in various mass media such as
television, radio, publishing, movies, and the Internet.
Synergy
is
when the interaction of two or more forces working together creates a greater
effect than the sum of their individual effort.
Media
synergy
is the way in which different elements of a media conglomerate work together to
promote linked products across different media.
The Walt Disney Company
is the largest media conglomerate in the world in terms of revenue.
Since its
founding in 1923. The company comprises:
The Walt Disney Studios
Parks and
Resort
Disney Consumer
Products
Disney Media
Networks:
Horizontal integration: Walt
Disney owns many studio entertainment, consumer product companies, and media
networks.
Vertical integration: Walt
Disney plans, produces, advertises, and distributes all of its products on its
own.
vertical integration is
an arrangement in which the supply chain of a company is owned by that company.
Horizontal integration is
the process of a company increasing production of goods or services at the same
part of the supply chain
Another example of a production company that Disney own would be Lucasfilm.
Theme parks would be Disneyland Paris and would have attractions linked to their production such as Star Tours.
Hollywood switched to the continuation of mega franchise movies since they can bring about more profit by restarting the production of very well known franchises such as Star Wars.
Mega franchise movies are defined by their popularity. If the franchise is very well known and would have various films included, it would be known as a mega franchise.
I believe that sequels are important to Hollywood films since they can bring about more profit by bringing out more films since there would be a continuation of the story line.
Ancillary Revenue' Revenue is generated from goods or services that differ from or enhance the main services or product lines of a company. This is important because it would bring about extra profit.
Hollywood
has moved from vertical integration to
horizontal integration.
Because
of this they now focus on producing films
which can cross-promoted with other media texts.
Ancillary
revenue has now become more important
than box office revenue.
Ancillary
revenue: (definition) Revenue that is derived from goods or
services other than a company's primary product offering (e.g. toys, other merchandise,
video games, books, etc)
Attractions that are influenced by Jurassic Park would be:
Other derivative works could include: Games
Star Wars:
Star Wars Battlefront, Clothes, Models
Shrek:
Musical, Games, Clothes (one piece ogre set)
Indiana Jones:
4 films, A comic book series, Novels, Clothing
Media convergence
The combining of two or more mediums. Different mediums are TV / film / computer graphics
/ radio/ website etc
Media convergence in the film industry can
happen in production, distribution or exhibition.
It happens when the music industry comes
together with the film industry when Adele releases the new single for Skyfall.